Cooking oil is purified fat of plant origin, which is liquid at room temperature. Some of the many different kinds of edible vegetable oils include: olive oil, palm oil, soybean oil, canola oil, pumpkin seed oil, corn oil, sunflower oil, safflower oil, peanut oil, grape seed oil, sesame oil, argan oil and rice bran oil. Many other kinds of vegetable oils are also used for cooking. The generic term "vegetable oil" when used to label a cooking oil product refers to a blend of a variety of oils often based on palm, corn, soybean or sunflower oils. Climatic conditions in India favor growing a variety of oilseeds. On the demand side, a growing population and vastly varied dietary habits have ensured a thriving market for edible oil in the country. India is worlds third largest edible oil economy, after China and US. Indias annual consumption is around 10 million tones vis-à-vis China’s 14.5 million tonnes. However, Indias per capita consumption at 10.2 kgs per annum is considerably lower compared to global standards. India is also a leading producer of oilseeds, contributing 7-8% of world oilseed production. India is estimated to account for around 6% of the worlds production of edible oils. Though it has the largest cultivated area under oilseeds in the world), crop yields tantamount to only 50-60% of the worlds average. India is the fifth largest producer of oil seeds in the world, behind US, China, Brazil, and Argentina. Since 1995, Indian share in world production of oil seeds has been around 8-10%. With its large population and continued strong economic growth, India is likely to register strong gains in total and per-capita edible oil consumption in the medium term. Per capita consumption is expected to increase to 11 kgs in FY2006 and 11.3 kgs in FY2007. By 2010, Indias total requirement of edible oils for the projected population of 1.25 billion at the projected per capita consumption of about 15 kg per annum is expected to be around 19 mt, which is equivalent to an estimated 57 mt of oilseeds.